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REGISTERED NUMBER: 04540471 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Thomas Bros Limited

Thomas Bros Limited (Registered number: 04540471)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Bros Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Burton





SECRETARY: Miss C Burton





REGISTERED OFFICE: Top Farm
Shefford Road
Beadlow
Shefford
Bedfordshire
SG17 5PL





REGISTERED NUMBER: 04540471 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Thomas Bros Limited (Registered number: 04540471)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,721,445 8,531,637

CURRENT ASSETS
Stocks 23,503 55,955
Debtors 5 8,306,687 2,425,263
Prepayments and accrued income 552,100 658,867
Cash at bank and in hand 1,351,960 900,578
10,234,250 4,040,663
CREDITORS
Amounts falling due within one year 6 2,992,363 2,857,639
NET CURRENT ASSETS 7,241,887 1,183,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,963,332

9,714,661

CREDITORS
Amounts falling due after more than one
year

7

(1,598,927

)

(1,005,805

)

PROVISIONS FOR LIABILITIES (1,288,240 ) (615,162 )
NET ASSETS 12,076,165 8,093,694

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 12,026,165 8,043,694
SHAREHOLDERS' FUNDS 12,076,165 8,093,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Thomas Bros Limited (Registered number: 04540471)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





A Burton - Director


Thomas Bros Limited (Registered number: 04540471)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Thomas Bros Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts invoiced during the year, excluding value added tax.

Revenue has been recognised on contracts which span the year end to reflect the companies partial performance of contractual obligations.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold buildings 2% per annum straight line
Plant and Machinery14.29% per annum straight line
Wash plant6.67% per annum straight line
Office Equipment33.33% per annum straight line
Motor Vehicles - Lorries20% per annum straight line
Motor Vehicles - Cars33.33% per annum straight line

No depreciation has been provided for on the quarry acquired during the year 30th September 2006 as it is deemed to be land and therefore has an unlimited useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Thomas Bros Limited (Registered number: 04540471)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2022 - 50 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office
property machinery equipment
£    £    £   
COST
At 1 April 2022 3,031,844 9,726,135 16,092
Additions 203,080 328,342 12,509
Disposals (716,960 ) (3,034,956 ) (8,335 )
At 31 March 2023 2,517,964 7,019,521 20,266
DEPRECIATION
At 1 April 2022 176,429 5,660,723 12,969
Charge for year 100,187 375,819 2,706
Eliminated on disposal (102,162 ) (1,824,081 ) (1,653 )
At 31 March 2023 174,454 4,212,461 14,022
NET BOOK VALUE
At 31 March 2023 2,343,510 2,807,060 6,244
At 31 March 2022 2,855,415 4,065,412 3,123

Thomas Bros Limited (Registered number: 04540471)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Fixtures
vehicles & fittings Totals
£    £    £   
COST
At 1 April 2022 4,269,611 77,821 17,121,503
Additions 1,643,362 - 2,187,293
Disposals (1,391,922 ) (19,973 ) (5,172,146 )
At 31 March 2023 4,521,051 57,848 14,136,650
DEPRECIATION
At 1 April 2022 2,673,133 66,612 8,589,866
Charge for year 463,438 10,957 953,107
Eliminated on disposal (1,179,899 ) (19,973 ) (3,127,768 )
At 31 March 2023 1,956,672 57,596 6,415,205
NET BOOK VALUE
At 31 March 2023 2,564,379 252 7,721,445
At 31 March 2022 1,596,478 11,209 8,531,637

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 885,639 1,564,883 2,450,522
Additions - 1,292,389 1,292,389
Transfer to ownership (512,649 ) (1,442,348 ) (1,954,997 )
At 31 March 2023 372,990 1,414,924 1,787,914
DEPRECIATION
At 1 April 2022 60,235 628,864 689,099
Charge for year 45,117 101,146 146,263
Transfer to ownership - (594,019 ) (594,019 )
At 31 March 2023 105,352 135,991 241,343
NET BOOK VALUE
At 31 March 2023 267,638 1,278,933 1,546,571
At 31 March 2022 825,404 936,019 1,761,423

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,456,161 1,583,137
Amounts owed by group undertakings 304,300 304,300
Other debtors 6,546,226 537,826
8,306,687 2,425,263

Thomas Bros Limited (Registered number: 04540471)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 480,152 945,792
Hire purchase contracts 464,836 463,428
Trade creditors 1,029,916 903,792
Tax 642,601 217,402
Social security and other taxes 60,346 61,365
VAT 97,911 30,409
Other creditors 18,145 8,671
Directors' current accounts 18,935 18,935
Accrued expenses 179,521 207,845
2,992,363 2,857,639

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 468,869 370,375
Hire purchase contracts 660,048 95,733
Mortgage 470,010 539,697
1,598,927 1,005,805

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 1,124,884 559,161
Company mortgage 764,101 830,559
Bank loans 853,508 1,223,883
2,742,493 2,613,603

Debts owed under hire purchase agreements are secured on the assets that they have financed.

The mortgage and bank overdraft is secured via a fixed and floating charge over the assets of the company.

Thomas Bros Limited (Registered number: 04540471)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

31.3.23 31.3.22
£    £   
A Burton
Balance outstanding at start of year (18,935 ) -
Amounts advanced - 21,065
Amounts repaid - (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,935 ) (18,935 )

10. RELATED PARTY DISCLOSURES

Debtors includes amounts owed by the following company where a director has a participating interest.

During the year the company loaned £Nil (2022: £90,679) to Beldom's Skip Hire Limited. The balance
outstanding at the balance sheet date was £250,327 (2022: £250,327). The loan is repayable on demand.This is included on other debtors.

Included in other debtors amounts owed by relatives of the director £294,376 (2022: £283,389).

Interest was charged on the amount of monies owed by the relatives of the director totalling Nil (2022 : £5,557)

Purchases were made on behalf of Thomas Bros Holdings Ltd during the year and the balance owed to Thomas Bros Ltd at the balance sheet date was £304,300 (2022: £304,300) and is included in debtors.

11. ULTIMATE CONTROLLING PARTY

In the director's opinion the company is controlled by Mr A Burton (Director) by virtue of his shareholding.